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Sanlam invests in human capacity to propel economy to greater heights

Sanlam invests in human capacity to propel economy to greater heights

Sanlam Namibia this week handed over six bursaries to young students through their bursary scheme which aims to reward well performing but disadvantaged students with an opportunity to pursue their tertiary education.

The bursaries were handed over as part of Sanlam’s Corporate Social Responsibility initiative.

Over 200 students applied for this year’s bursary scheme and the successful candidates and their chosen fields of study are: Miryam Haufiku, Bachelor of Computer Science at NUST, Vilho David Nakalemo, Bachelor of Science Information Technology at UNAM, Alina Gervasius, Bachelor of Accounting at UNAM, Statin Siebritz, Bachelor of Computer Science at NUST, Celemense Nuunyango, Bachelor of Computer Science at NUST and Fredy Embashu, Bachelor of Science- Applied Mathematics and Statistics at NUST.

Sanlam’s Chief Executive Officer, Tertius Stears, said they remain committed to making a difference in the lives of everyday people.

“Our education system is facing enormous challenges which prevent the children to get quality education,” he added.

Stears said that despite the may initiatives government has put in place, education, especially at tertiary level is not affordable to many students.

“Therefore I call on stakeholders including those in the private sector to come on board and do their part to assist government with these challenges,” he encouraged.

According to Stears, Sanlam through its bursary scheme remains committed to support government efforts while assisting to build the appropriate human capacity to propel the economy to greater heights.


 

About The Author

Mandisa Rasmeni

Mandisa Rasmeni has worked as reporter at the Economist for the past five years, first on the entertainment beat but now focussing more on community, social and health reporting. She is a born writer and is working on her degree in Journalism at the Namibia University of Science and Technology (NUST). She believes education is the greatest equalizer. She is the epitome of perseverance, having started as the newspaper's receptionist in 2013.

Following reverse listing, public can now acquire shareholding in Paratus Namibia

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20 February 2020, Windhoek, Namibia: Paratus Namibia Holdings (PNH) was founded as Nimbus Infrastructure Limited (“Nimbus”), Namibia’s first Capital Pool Company listed on the Namibian Stock Exchange (“NSX”).

Although targeting an initial capital raising of N$300 million, Nimbus nonetheless managed to secure funding to the value of N$98 million through its CPC listing. With a mandate to invest in ICT infrastructure in sub-Sahara Africa, it concluded management agreements with financial partner Cirrus and technology partner, Paratus Telecommunications (Pty) Ltd (“Paratus Namibia”).

Paratus Namibia Managing Director, Andrew Hall

Its first investment was placed in Paratus Namibia, a fully licensed communications operator in Namibia under regulation of the Communications Regulatory Authority of Namibia (CRAN). Nimbus has since been able to increase its capital asset base to close to N$500 million over the past two years.

In order to streamline further investment and to avoid duplicating potential ICT projects in the market between Nimbus and Paratus Namibia, it was decided to consolidate the operations.

Publishing various circulars to shareholders, Nimbus took up a 100% shareholding stake in Paratus Namibia in 2019 and proceeded to apply to have its name changed to Paratus Namibia Holdings with a consolidated board structure to ensure streamlined operations between the capital holdings and the operational arm of the business.

This transaction was approved by the Competitions Commission as well as CRAN, following all the relevant regulatory approvals as well as the necessary requirements in terms of corporate governance structures.

Paratus Namibia has evolved as a fully comprehensive communications operator in Namibia and operates as the head office of the Paratus Group in Africa. Paratus has established a pan-African footprint with operations in six African countries, being: Angola, Botswana, Mozambique, Namibia, South Africa and Zambia.

The group has achieved many successes over the years of which more recently includes the building of the Trans-Kalahari Fibre (TKF) project, which connects from the West Africa Cable System (WACS) eastward through Namibia to Botswana and onward to Johannesburg. The TKF also extends northward through Zambia to connect to Dar es Salaam in Tanzania, which made Paratus the first operator to connect the west and east coast of Africa under one Autonomous System Number (ASN).

This means that Paratus is now “exporting” internet capacity to landlocked countries such as Zambia, Botswana, the DRC with more countries to be targeted, and through its extensive African network, Paratus is well-positioned to expand the network even further into emerging ICT territories.

PNH as a fully-listed entity on the NSX, is therefore now the 100% shareholder of Paratus Namibia thereby becoming a public company. PNH is ready to invest in the future of the ICT environment in Namibia. The public is therefore invited and welcome to acquire shares in Paratus Namibia Holdings by speaking to a local stockbroker registered with the NSX. The future is bright, and the opportunities are endless.